Brokerages Set The Mosaic Company (NYSE:MOS) PT at $27.47

Shares of The Mosaic Company (NYSE:MOS) have earned a consensus recommendation of “Hold” from the twenty ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $27.4706.

Several analysts recently issued reports on the stock. BNP Paribas Exane dropped their price objective on shares of Mosaic from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Royal Bank Of Canada raised shares of Mosaic from a “sector perform” rating to an “outperform” rating and dropped their price target for the company from $28.00 to $27.00 in a research note on Wednesday, May 13th. Wells Fargo & Company dropped their price target on shares of Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, May 14th. BMO Capital Markets dropped their price target on shares of Mosaic from $35.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Finally, Bank of America cut shares of Mosaic from a “buy” rating to a “neutral” rating and dropped their price target for the company from $33.00 to $30.00 in a research note on Friday, March 20th.

Mosaic Stock Down 2.8%

MOS stock opened at $22.27 on Wednesday. The stock has a market capitalization of $7.07 billion, a P/E ratio of 171.31, a P/E/G ratio of 2.71 and a beta of 0.79. The firm has a 50-day simple moving average of $23.77 and a 200-day simple moving average of $25.47. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. Mosaic has a 52 week low of $20.89 and a 52 week high of $38.23.

Mosaic (NYSE:MOS) last released its earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities analysts forecast that Mosaic will post 0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mosaic

A number of hedge funds have recently made changes to their positions in MOS. Geneos Wealth Management Inc. boosted its position in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Mosaic during the 2nd quarter worth approximately $31,000. SJS Investment Consulting Inc. lifted its holdings in Mosaic by 72.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock worth $32,000 after buying an additional 525 shares in the last quarter. Gen Wealth Partners Inc acquired a new stake in Mosaic during the 4th quarter worth approximately $32,000. Finally, MUFG Securities EMEA plc acquired a new stake in Mosaic during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.